4//SEC Filing
TALLIS ALAN 4
Accession 0001140361-18-031806
CIK 0001232582other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 5:45 PM ET
Size
12.8 KB
Accession
0001140361-18-031806
Insider Transaction Report
Form 4
TALLIS ALAN
EVP, Asset Management
Transactions
- Sale
Common Stock
2018-07-03$8.34/sh−10,900$90,959→ 237,145 total(indirect: By Trust) - Sale
Common Stock
2018-07-05$8.50/sh−9,100$77,362→ 228,045 total(indirect: By Trust)
Holdings
- 2,087(indirect: By Trust)
7.375% Series F Cumulative Preferred Stock
- 2,087(indirect: By Trust)
7.375% Series F Cumulative Preferred Stock
- 27,700
Special Limited Partnership Units
Exercise: $0.00→ Common Stock - 25,444
Common Limited Partnership Units
Exercise: $0.00→ Common Stock
Footnotes (7)
- [F1]The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F2]Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $8.2500 to $8.5000, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified.
- [F3]Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $8.5000 to $8.5100, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified.
- [F4]Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Units"), are convertible into Common Units at the option of the Reporting Person. See Footnote 5 discussing the convertibility of Common Units.
- [F5]Neither the LTIP Units nor the Common Units have an expiration date.
- [F6]Common Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock based on a conversion ratio described in Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017, which is 1.0 share of the Issuer's common stock for each Common Unit.
- [F7]Reflects the aggregate number of Common Units currently beneficially owned by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 5 discussing the convertibility of the Common Units.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001187669
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 5:45 PM ET
- Size
- 12.8 KB